Gold Prices & US President Election:
The dates of presidential elections in America are slowly approaching. In the meantime, there is a fluctuation in gold. In fact, there is a relationship between the US election and the US market, dollar and gold movement during that time. Recently, there was a sudden drop in gold after Trump’s condition deteriorated. However, during Trump’s tenure, gold reached its record high and its prices went beyond Rs 56000. If we look at the history from 1972 till now, when there are elections, there are huge fluctuations in gold. In 1972, when the research Nixon of the Republican Party became president in the election, that year gold returns were around 49 percent.
Since 1972: Elections and Returns
Year presidential party returns in gold
1972 Risard Nixon Republican 48.72%
1976 James Carter Democrat-4.06%
1980 Ronald Reagan Republican 12.50%
1984 Ronald Reagan Republican 19.00%
1988 JW Bush Republican-15.69%
1992 Bill Clinton Democrat – 5.80%
1996 Bill Clinton Democrat -4.43%
2000 JW Bush Republican -6.26%
2004 JW Bush Republican 4.97%
2008 Barack Obama Democrats 3.41%
2012 Barack Obama Democrats 5.68%
2016 Donald Trump Republican 8.63%
2020 ….. …. 26.62%
(source: Kedia Advisory)
Highest Returns in 1972 Election
When the US President was elected in the US in 1972, the Republic Party government was formed that year. In 1972, Richard Nixon of the Republican Party was elected president. 1972 was a great gold and gold gave 48.72 percent returns then. Talking about 1972 since now, this year is going to be the 13th time. In its first 12 election years, Sarene has given positive returns 7 times. While there was a decline in gold for 6 years.
27 percent return so far this year
Talking about this year, gold has given about 28 percent return so far. At the same time last year too, it received around 25 percent return. The year 2020 was very spectacular in terms of gold. This year, gold crossed the level of Rs 56000 per 10 grams. Last year it closed around 32000 rupees. That is, gold prices rose more than 14 thousand rupees. However, right now it is trading around 50 thousand, breaking from the upper levels.
#Election #Gold #Show #Years #Nixon #Trump